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Roman55 [17]
3 years ago
11

Zippy is earning ​$30 comma 000 per year working for​ joe's car repair. he also has savings of ​$150 comma 000​, on which he is

earning​ 10% annual interest. he decides to leave​ joe's car repair to invest his savings in starting his own car repair business. in the first​ year, zippy's speedy car repair earns revenues of ​$200 comma 000 and has explicit costs of ​$75 comma 000. ​zippy's economic profit​ (or loss) in the first year is ​$ nothing. ​(round your answer to the nearest​ dollar.)
Business
1 answer:
jok3333 [9.3K]3 years ago
5 0

Zippy's economic profit is $80,000.

Economic Profit = Revenues - (Explicit Cost + Implicit Cost)

Implicit cost or opportunity cost refers to the loss an individual incurs from an alternative decision, as a result of making a decision.

In this question, Zippy's implicit costs are the $30,000 from his job at Joe's car repair.

Additionally, he loses the 10% interest he would have earned on his savings of $150,000 had he not started his business.

So Zippy's implicit cost is $45,000 ($30,000 + $15,000)

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Answer:

a. unethical

Explanation:

This company's behavior is unethical. In the globalized world, it is natural for transnational firms to direct their production structure to countries where labor is cheaper, as this makes their product more competitive in the international market. However, these firms must not take advantage of regulatory failures in the labor market in these countries to increase their profit. Every firm must be concerned and ensure that the physical integrity and health of employees who work on its plants is preserved, regardless of location. Thus, in order to act ethically, this firm should implement process improvements to minimize the exposure of employees to chemical agents and to inhibit the exploitation of the labor that occurs when employees work in excess and without being paid for overtime.

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A sustainable society would emphasize A) maintaining the current rates of energy flow and resource use B) converting the world's
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It should be noted that a sustainable society would emphasize using energy efficiently and reusing and recycling matter.

<h3>What is a sustainable society?</h3>

A sustainable society can be regarded as a society that based her source of energy on resuable source.

This source can be solar because it is resuable unlike crude oil , therefore using energy efficiently and reusing and recycling matter should be a target.

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The Goliath Inc. decides to pay the following dividends over the next three years: $2, $2.6, and $3.38. Thereafter, the company
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A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed _____ budg
katrin [286]

A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed Continuous budgeting.

<h3>What is Continuous Budgeting?</h3>
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2 years ago
A store has two different coupons that customers can use. One coupon gives the customer $15 off their purchase, and the other co
andrey2020 [161]

Answer:

16.25;

g(f(x)) ;

76 ;

f(g(x))

Explanation:

For 15 off

f(x) = x - 15

For 35% off

g(x) = (1 - 0.35)x = 0.65x

g(x) = 0.65x

A.)

For the $15 off coupon :

f(x) = x - 15

f(x) 40 - 15 = 25

For the 35% coupon :

g(x) = (1-0.35)x

g(x) = 0.65(25)

g(x) = 16.25

B.)

Applying $15 off first, then 35%

Here, g is a function of f(x)

g(f(x))

Here g(x) takes in the result of f(x) ;

For the $140 off coupon :

f(x) = x - 15

f(140) = 140 - 15 = 125

For the 35% coupon :

g(125) = (1-0.35)x

g(124) = 0.65(125) = $81.25

C.)

x = 140

g(x) = 0.65x

g(140) = 0.65(140)

g(140) = 91

f(x) = x - 15

f(91) = 91 - 15

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D.)

Here, F is a function of g(x)

f(g(x))

f(x) = (0.65*140) - 15

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